FinTech partnership set to make business life easier for SMEs. MYOB announces partnership with Kiwi tech company RIPA Global
Leading accounting software provider MYOB has partnered with local tech company RIPA Global to help Government and businesses manage their receipts and expenses online.
The partnership will give MYOB clients access to RIPA Global’s proprietary, fully automated, expense management system – reducing the risk of fraud and removing the need for scanning, uploading and processing employee receipts. Research has found 51% of paper receipts are lost prior to processing.
RIPA Global Founder and CEO Mel Gollan said she’s thrilled to announce the company’s partnership with MYOB.
“It’s a great fit for both brands and the MYOB integration gives us the opportunity to take the pain out of the expensing cycle,” she said. “Together, we can free up accounts teams and businesses so they can spend less time on manual reporting, and more time doing what they love.”
The Wellington-based tech company’s online system is the world’s first frictionless expensing solution – saving governments and businesses time and money by providing a complete accounting data set for their finance teams.
“RIPA Global is an automated solution to a paper problem,” Ms Gollan said. “By giving digital receipts relevant codes and justification data, and approval through RIPA Global’s online system, we can give accountants and business owners greater financial oversight and confidence that they’re 100% compliant.”
MYOB country manager Ingrid Cronin-Knight said she looks forward to working with the RIPA Global team, as they work together to support businesses.
“Managing expenses and receipts can be a tedious and time-consuming task,” Ms Cronin-Knight said. “The integration of RIPA Global and MYOB will improve this process for many businesses.”
CEO Mel Gollan – Te Rarawa – developed RIPA Global after years of working on the front lines of expensing and merchant management. Today, RIPA Global has an international team of FinTech specialists, tax experts and an advisory panel of highly regarded New Zealand entrepreneurs – and is proudly supported by Ngati Porou.
“We’re extremely proud to receive support from our local community,” Ms Gollan said. “Ngati Porou is a cornerstone investor and is a key supporter of the vision of the company.”
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About MYOB MYOB (ASX: MYO) is a leading cloud-based business management solutions provider. It makes business life easier for approximately 1.2 million businesses across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, websites, job costing, inventory and more. MYOB provides ongoing support via many client service channels including a network of over 40,000accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly in cloud computing solutions, and in 2015 was awarded the BRW award for the most innovative large company for 500+ employees and placed 2nd in BRW’s Most Innovative Companies Award list across all categories nationally. For more information, visit myob.co.nz or follow @MYOB on Twitter.
About RIPA Global RIPA Global is the world’s first fully automated compliance expensing solution. The proprietary systems mean digital receipts contain relevant code and justification data, providing a complete accounting data set for finance teams. The need for long manual processes simply disappears. Fraud and human error are eliminated, and processing cost is reduced to a negligible amount.